Title
by Americanbulls.com LLC
Last Update
19/01/2022
^TXOE
S&P/TSX EQUAL WEIGHT OIL & GAS INDEX
Last Signal: SELL
Last Pattern: BEARISH DARK CLOUD COVER
Last Close:
242.2900
Change:
-0.0600
Percent change
-0.02%
Signal Update
Our system’s recommendation today is to SELL. The BEARISH DARK CLOUD COVER pattern finally received a confirmation because the values crossed below the confirmation level which was at 242.3500, and our valid average selling value stands now at 242.2900. The previous BUY signal was issued on 21/12/2021, 29 days ago, when the index value was 207.2150. Since then ^TXOE has risen by +16.93%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This is a top reversal pattern with two candlesticks. A white candlestick appears on the first day while an uptrend is in progress. The second day opens at a new high, with a gap up and closes more than halfway into the prior white body, leading to the formation of a strong black candlestick. more...
Signal History
Date 
Price 
Signal 
 
CAD100⇨ 
19/01/2022242.2900SELL 111.89
21/12/2021207.2150BUY 95.93
09/12/2021211.2000SHORT 94.63
07/12/2021215.1600BUY 96.89
26/11/2021212.4000SHORT 98.66
18/11/2021217.8000BUY 101.68
03/11/2021214.9600SELL 101.93
01/11/2021219.0200BUY 104.12
27/10/2021210.8200SELL 104.38
24/09/2021190.3700BUY 94.49
17/09/2021183.5900SELL 94.73
15/09/2021185.1300BUY 95.76
10/09/2021180.1800SHORT 98.96
20/08/2021171.8400BUY 94.85
13/08/2021179.8500SHORT 91.26
11/08/2021181.7300BUY 92.68
09/08/2021178.0200SHORT 95.13
03/08/2021181.7600BUY 97.62
23/07/2021180.0600SHORT 99.05
21/07/2021180.4200BUY 99.75
† Trade commissions are taken as 0.25%.
Date 
Price 
Signal 
 
CAD100⇨ 
19/01/2022242.2900SELL 144.88
21/12/2021207.2150BUY 124.22
09/12/2021211.2000SHORT 122.53
07/12/2021215.1600BUY 125.45
26/11/2021212.4000SHORT 127.74
18/11/2021217.8000BUY 131.65
03/11/2021214.9600SELL 131.98
01/11/2021219.0200BUY 134.81
27/10/2021210.8200SELL 135.15
24/09/2021190.3700BUY 122.35
17/09/2021183.5900SELL 122.66
15/09/2021185.1300BUY 124.00
10/09/2021180.1800SHORT 128.14
20/08/2021171.8400BUY 122.82
13/08/2021179.8500SHORT 118.17
11/08/2021181.7300BUY 120.00
09/08/2021178.0200SHORT 123.17
03/08/2021181.7600BUY 126.39
23/07/2021180.0600SHORT 128.23
21/07/2021180.4200BUY 129.13
07/07/2021190.0300SHORT 123.53
05/07/2021193.3700BUY 126.33
28/06/2021193.8000SELL 126.65
27/05/2021180.8100BUY 118.46
19/05/2021178.9300SELL 118.76
27/04/2021169.2200BUY 112.60
22/04/2021168.3200SELL 112.88
14/04/2021170.5800BUY 114.68
29/03/2021169.8600SELL 114.97
25/03/2021168.7800BUY 114.53
16/03/2021174.6300SELL 114.82
05/03/2021170.0500BUY 112.09
25/02/2021162.7500SELL 112.37
22/02/2021156.9700BUY 108.65
18/02/2021155.6900SELL 108.92
28/01/2021140.4600BUY 98.51
26/01/2021143.0400SHORT 97.25
19/01/2021145.9900BUY 99.75
† Trade commissions are taken as 0.25%.
Date 
Price 
Signal 
 
CAD100⇨ 
19/01/2022242.2900SELL 388.28
21/12/2021207.2150BUY 332.90
09/12/2021211.2000SHORT 328.37
07/12/2021215.1600BUY 336.21
26/11/2021212.4000SHORT 342.35
18/11/2021217.8000BUY 352.82
03/11/2021214.9600SELL 353.70
01/11/2021219.0200BUY 361.28
27/10/2021210.8200SELL 362.19
24/09/2021190.3700BUY 327.88
17/09/2021183.5900SELL 328.70
15/09/2021185.1300BUY 332.29
10/09/2021180.1800SHORT 343.39
20/08/2021171.8400BUY 329.14
13/08/2021179.8500SHORT 316.69
11/08/2021181.7300BUY 321.61
09/08/2021178.0200SHORT 330.10
03/08/2021181.7600BUY 338.73
23/07/2021180.0600SHORT 343.67
21/07/2021180.4200BUY 346.09
07/07/2021190.0300SHORT 331.08
05/07/2021193.3700BUY 338.59
28/06/2021193.8000SELL 339.44
27/05/2021180.8100BUY 317.48
19/05/2021178.9300SELL 318.28
27/04/2021169.2200BUY 301.76
22/04/2021168.3200SELL 302.52
14/04/2021170.5800BUY 307.35
29/03/2021169.8600SELL 308.12
25/03/2021168.7800BUY 306.93
16/03/2021174.6300SELL 307.70
05/03/2021170.0500BUY 300.38
25/02/2021162.7500SELL 301.13
22/02/2021156.9700BUY 291.16
18/02/2021155.6900SELL 291.89
28/01/2021140.4600BUY 264.00
26/01/2021143.0400SHORT 260.62
19/01/2021145.9900BUY 267.33
13/01/2021147.4000SELL 268.00
05/01/2021138.2200BUY 251.94
14/12/2020144.0550SELL 252.57
03/12/2020136.4100BUY 239.77
30/11/2020138.5800SELL 240.37
16/11/2020126.2900BUY 219.60
12/11/2020125.5000SELL 220.15
09/11/2020114.5300BUY 201.41
28/10/2020106.7800SHORT 218.26
22/10/2020112.5400BUY 231.19
19/10/2020111.5800SHORT 234.37
08/10/2020113.3800BUY 239.35
18/09/2020122.1400SHORT 224.45
16/09/2020123.6850BUY 228.43
19/08/2020137.2400SELL 229.00
05/08/2020134.5300BUY 225.04
28/07/2020132.4700SELL 225.60
22/07/2020134.6800BUY 229.94
20/07/2020128.9400SHORT 241.86
10/07/2020123.7650BUY 233.32
03/07/2020129.1800SHORT 225.06
30/06/2020129.8900BUY 227.43
24/06/2020129.6700SHORT 228.96
15/06/2020131.9600BUY 234.17
09/06/2020149.5300SELL 234.76
02/06/2020135.0400BUY 212.54
25/05/2020131.2500SELL 213.07
08/05/2020125.2000BUY 203.76
01/05/2020123.4200SELL 204.27
31/03/202098.6700BUY 163.72
27/03/202095.8100SHORT 169.60
20/03/202084.2700BUY 149.92
25/02/2020186.9100SHORT 97.26
14/02/2020190.7300BUY 99.75
† Trade commissions are taken as 0.25%.

Disclaimers:

Americanbulls.com LLC is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, Americanbulls.com LLC relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, Americanbulls.com LLC does not offer or provide personalized investment advice. This site and all others owned and operated by Americanbulls.com LLC are bona fide publications of general and regular circulation offering impersonal investment-related advice to member and /or prospective members.

Canadabulls.com is an independent website. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

Therefore, Canadabulls.com and Americanbulls.com LLC is exempt from the definition of “investment adviser” as provided under Section 202(a) (11) of the Investment Advisers Act of 1940 and corresponding state securities laws, and hence registration as such is not required. We are not a registered broker-dealer. Material provided by Americanbulls.com LLC is for informational purposes only, and that no mention of a particular security in any of our materials constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. To the extent that any of the information obtained from Americanbulls.com LLC may be deemed to be investment opinion, such information is impersonal and not tailored to the investment needs of any specific person. Americanbulls.com LLC does not promise, guarantee or imply verbally or in writing that any information provided through our websites, commentaries, or reports, in any printed material, or displayed on any of our websites, will result in a profit or loss.

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Canadabulls.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.

You agree that Canadabulls.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.